I read an article off of 24/7 Wall St. that listed the six states that had the best profit margins when doing flips. They focused on states that had a gross profit of at least $80k. With margins like that, There is room to jump in and do some wholesale deals via assignments or double closings all day long. The six states on this list were:
1. Massachusetts
2. California
3. Maryland
4. New Jersey
5. New York
6. Washington
The profit in these states ranges from $89k-103k.
According to the article, investors bought 156,000 properties in the U.S. in 2013 with an average profit of $58k. You can read the rest of the article here http://247wallst.com/special-report/2014/01/30/the-best-states-to-flip-a...
Happy Hunting.
6 States with Highest Profit in Flips
Posted on: Sat, 02/01/2014 - 15:23
6 States with Highest Profit in Flips
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good stuff, what is your user name? it sounds funny
Tony
Go faster do more! GFDM!